Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.118%

Price spread now: edgeX against Injective−2.158%107s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.208%+$121 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 2.158% cheaper against Injective than usual: you would sell low and buy high (spread −2.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$216 on $10k: about 2 months of funding at the current rate (+$3 a day). At the pace of the last 7 days (+1.208% in total) that is about 13 days. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SNDK/USDC PERP	1,800	0.0033	pay 0.0004% / 1h	51m 28s	$36	$9K	12x
Short	edgeX SNDKUSDC	1,761.1	0.0148	get 0.0074% / 4h	1h 51m	$559K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee edgeXbpOrdersPrice spread, now −2.158%Rate

Funding earned: $24.11
Price spread: −2.158% → 0.000%: −$215.81
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$200.72
Costs to cover: 0.090%
Break-even: 65.3 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 57 min ago	5.06 bp	9.7 bp −$10	11.3 bp −$113	46.2 bp −$4,621	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	−0.0247%	8h	1,761.8	−2.118%	$47.3M	$165.4M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,762	−2.110%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0015%	8h	1,761.4	−2.141%	$6.0M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0008%	1h	1,760.8	−2.173%	$1.4M	$10.5M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,762.1	−2.103%	$21.5M	$33.2M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,761.4	−2.144%	$279.8M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,761.6	−2.129%	$31.7M	$103.5M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,761.8	−2.120%	$82.2M	$833.7M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,762.1	−2.101%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,761.4	−2.145%	$176.6M	$230.2M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,761.3	−2.147%	$2.5M	$4.8M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,762.6	−2.074%	$12K	$1.9M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,761.2	−2.153%	$274K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,761.5	−2.137%	$14K	$286K	10x	as long as short
SunX SNDK-USDT	0.0000%	8h	1,761.5	−2.138%	$875	$3.5M	20x	as long as short
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,761.2	−2.156%	$51K	$350K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,761.4	−2.143%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,761.4	−2.145%	$2.8M	$1.1M	50x	as long as short
Aftermath Perps SNDKUSD	+0.0015%	1h	1,763.3	−2.037%	$656	$38K	5x	as long as short
Vest SNDK-USD-PERP	+0.0016%	1h	1,759.2	−2.267%	—	$581K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,761.5	−2.137%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,760.5	−2.189%	$495K	$2.0M	10x	as long as short
Injective SNDK/USDC PERPlong	+0.0033%	1h	1,800	long leg	$36	$9K	12x
Arcus SNDK-USD	+0.0040%	1h	1,761.1	−2.157%	$255K	$1.5M	10x	as long as short
Nado SNDK-PERP	+0.0041%	1h	1,762.7	−2.069%	$327K	$1.5M	10x	as long as short
Lighter SNDK	+0.0048%	1h	1,762.2	−2.097%	$1.8M	$16.2M	20x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,761.8	−2.120%	$242K	$675K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,761.3	−2.148%	$118.6M	$158.4M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,761.8	−2.120%	$4.7M	$19.7M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,760.8	−2.176%	$184K	$131K	10x	as long as short
SoDEX SNDK-USD	+0.0050%	1h	1,761.1	−2.162%	$720K	$520K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,761	−2.167%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,761.3	−2.148%	$1.4M	$5.1M	5x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,761	−2.165%	$1K	—	10x	as long as short
Pacifica SNDK	+0.0100%	1h	1,761.5	−2.139%	$196K	$303K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,762.4	−2.084%	$68K	$270K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,760.6	−2.189%	$8K	$3K	20x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0112%	1h	1,766.2	−1.875%	$432K	$2.3M	10x	as long as short
edgeX SNDKUSDCshort	+0.0148%	4h	1,761.1	−2.158%	$559K	$352K	10x
Kraken Futures PF_SNDKUSD	+0.0401%	1h	1,761.9	−2.114%	$127K	$347K	20x	as long as short